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6min chapter
Michael Mauboussin Master Class — Moats, Skill, Luck, Decision Making and a Whole Lot More
Acquired
How Do You Know if You Should Teach Security Analysis?
The first version o measuring came out in two thousand and two, so nearly 20 years ago. And i'll just say that that was among probably the top three hardest things i've ever done professionally. We want to start with something a bit quantitative, in the sense you could hang your hat on it. So we broke down the strategy into three pieces: competitive advantage, opportunity cost concept and exit flexibility.
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